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M-Mode bags RM260.57m construction contract

M-Mode bags RM260.57m construction contract

PETALING JAYA: M-Mode Bhd’s wholly owned subsidiary E&J Builders Sdn Bhd (E&J) has been appointed as a contractor to undertake construction work for the proposed 25-storey mixed commercial development project in Kota Kinabalu with a contract sum of RM260.57 million. The group said in a bourse filing that it had accepted a letter of award […]

June 8, 2018 | By | Reply More
Ringgit closes lower against US dollar

Ringgit closes lower against US dollar

KUALA LUMPUR: The ringgit closed lower against the US dollar today with sentiment dampened by the weakness of broader regional equity markets, a dealer said. At 6pm, the local unit was quoted at 3.9870/9900 against the greenback from Thursday’s close of 3.9750/9780. Oanda Head of Trading in Asia-Pacific Stephen Innes said the emerging market struggled […]

June 8, 2018 | By | Reply More
Malaysia Airlines Q1 revenue up 2%, rising fuel prices a concern

Malaysia Airlines Q1 revenue up 2%, rising fuel prices a concern

PETALING JAYA: Malaysia Airlines Berhad (MAB) reported a 2% year-on-year growth in revenue for the first quarter (Q1) ended March 31, 2018 with 6.6% yield improvement despite the significant competition in both international and domestic sectors. Despite improvements in the quarter, Malaysia Airlines Group CEO Izham Ismail said the airline is preparing itself for a […]

June 8, 2018 | By | Reply More
Nova MSC bags RM15.4m job from Singapore's Public Utilities Board

Nova MSC bags RM15.4m job from Singapore's Public Utilities Board

PETALING JAYA: Nova MSC Bhd’s wholly owned subsidiary NovaCityNets Pte Ltd (NCN) has secured a S$5.17 million (RM15.4 million) from the Public Utilities Board in Singapore. Under the contract, NCN will supply, deliver and implement a Building Information Modelling (BIM) checking systems for building plan submission over about 20 months and thereafter maintain the project […]

June 8, 2018 | By | Reply More
Bursa Malaysia ends lower

Bursa Malaysia ends lower

KUALA LUMPUR: Bursa Malaysia ended lower today on profit-taking in selected heavyweights and blue chips ahead of the weekend, dealers said. At the close, the key FTSE Bursa Malaysia KLCI (FBM KLCI) eased 7.49 points or 0.42% to 1,778.32, after opening 2.09 points higher at 1,787.90 against Thursday’s close of 1,785.81. The index moved between […]

June 8, 2018 | By | Reply More
MISC's Brazil charter contract worth RM2.57b

MISC's Brazil charter contract worth RM2.57b

PETALING JAYA: MISC Bhd revealed that the contract value for the long-term charter contract awarded by Petrobras last month is US$645 million (RM2.57 billion). The contract is to own and operate four specialist DP2 Suezmax size shuttle tankers for operations in international and Brazilian waters. MISC had announced that charter period is 10 years and […]

June 8, 2018 | By | Reply More
Perisai Petroleum's creditors agree to scheme of arrangement

Perisai Petroleum's creditors agree to scheme of arrangement

PETALING JAYA: Some 88.19% creditors voted in favour of financially troubled Perisai Petroleum Teknologi Bhd’s proposed scheme of arrangement at its court convened meeting (CCM) today. “This satisfies the statutory requirement under Section 366(3) of the Companies Act 2016 which provides that proposed scheme of arrangement be agreed by 75% of the total value of […]

June 8, 2018 | By | Reply More
Lisa Lim Poh Lin appointed as independent non-executive director of Axiata

Lisa Lim Poh Lin appointed as independent non-executive director of Axiata

PETALING JAYA: Axiata Group Bhd has appointed Dr Lisa Lim Poh Lin as its independent non-executive director to further strengthen the board’s diversity mix and expertise. The appointment came into effect on June 8. “We constantly strive to build a board composition of relevant business expertise, global experience and diversity of backgrounds. As an accomplished […]

June 8, 2018 | By | Reply More
Dialog buys remaining 20% stake in two Langsat terminals for RM62.6m

Dialog buys remaining 20% stake in two Langsat terminals for RM62.6m

PETALING JAYA: Dialog Group Bhd is acquiring the remaining 20% stake in both Langsat Terminal (One) Sdn Bhd (LGT 1) and Langsat Terminal (Two) Sdn Bhd (LGT 2) for RM62.6 million. Dialog said its wholly owned subsidiary Dialog Terminals Sdn Bhd (DTSB) had entered into a share purchase agreement (SPA) with Puma Energy Asia Pacific […]

June 8, 2018 | By | Reply More
HSS share price down 5.38% on MRT3 job termination

HSS share price down 5.38% on MRT3 job termination

PETALING JAYA: HSS Engineers Bhd’s share price fell 5.38% this morning on news that its associate HSS Integrated Sdn Bhd (HSSI) has received a termination letter for its role as the independent consultant engineer for the Mass Rapid Transit Line 3 (MRT 3) project. At 11.02am, HSS was trading at 61.5 sen on 2.83 million […]

June 8, 2018 | By | Reply More